Robert Half Inc. (NYSE:RHI) Stake Lessened by Pinebridge Investments L.P.

Pinebridge Investments L.P. lowered its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 31.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,893 shares of the business services provider's stock after selling 23,089 shares during the period. Pinebridge Investments L.P.'s holdings in Robert Half were worth $3,515,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Alpine Global Management LLC bought a new position in Robert Half in the 4th quarter worth about $784,000. Trajan Wealth LLC bought a new position in Robert Half in the 4th quarter worth approximately $217,000. Natixis acquired a new stake in Robert Half in the 4th quarter valued at approximately $372,000. First Trust Advisors LP increased its position in Robert Half by 1.9% in the 4th quarter. First Trust Advisors LP now owns 1,975,037 shares of the business services provider's stock valued at $139,161,000 after acquiring an additional 36,150 shares during the period. Finally, Fiduciary Management Inc. WI raised its stake in Robert Half by 15.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after acquiring an additional 300,524 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Trading Up 0.9 %

Shares of NYSE RHI traded up $0.41 during midday trading on Monday, reaching $44.42. The company's stock had a trading volume of 2,331,102 shares, compared to its average volume of 1,497,628. Robert Half Inc. has a one year low of $40.00 and a one year high of $78.41. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 18.20 and a beta of 1.13. The company has a 50 day moving average price of $52.26 and a 200 day moving average price of $63.58.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Robert Half's revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. Research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio is 118.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RHI shares. The Goldman Sachs Group decreased their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Barclays decreased their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Robert Half has an average rating of "Hold" and a consensus price target of $53.75.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.